9.12.2009 at 10.00
STOCKMANN GROUP SALES IN NOVEMBER 2009
In November, the Stockmann Group's sales exclusive of Hobby Hall's
discontinued operations abroad amounted to EUR 168.2 million, down 5.5 per
cent. In Finland, there was one trading day more than in November 2008.
The Group's euro-denominated sales were affected by the clearly weaker
Russian rouble in comparison with sales in November 2008. In Russia, the
"swine flu effect" weakened the development of sales more than in other
The Department Store Division's sales declined by 12.1 per cent. In
Finland, turnover excluding VAT was down 5.6 per cent; the value-added tax
on food products was lowered in Finland from 17 per cent to 12 per cent in
October. Sales abroad declined by 27.0 per cent. Sales in the Baltic
department stores continued to be weak. The rouble-denominated sales in
the department stores in Russia were down 5 per cent. In Russia, there is
one department store more than in November 2008.
Lindex's euro-denominated sales increased by 8.4 per cent. In Finland,
sales were on a par with the previous year's figure and increased abroad
by 9.7 per cent. Sales increased in all markets but Latvia.
Seppälä's euro-denominated sales declined by 18.6 per cent. Sales were
down 12.4 per cent in Finland and 30.0 per cent abroad. Sales in the
Baltic countries continued to be poor. In Russia, Seppälä's rouble-
denominated sales decreased by 7 per cent.
Hobby Hall's sales in Finland increased by 4.6 per cent. Distance
retailing has probably drawn some benefit from the "swine flu effect" in
Christmas trade has started very well, and after the first week in
December, the Group's sales have exceeded the figures for the same period
Sales figures in November
November January-November January-
Department Store 20.6 28.2 -27.0 245.6 317.8 -22.7 350.4
Department Store 85.5 97.3 -12.1 932.3 1 078.2 -13.5 1 218.9